Loading chat...

CT SB00978

Bill

Status

Passed

6/28/2019

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

Senate

2019 General Assembly

AI Summary

  • Effective October 1, 2019, modifies the definition of "mandatory contributions" under Connecticut's Teachers' Retirement System.

  • From January 1, 2018, to December 31, 2019, mandatory contributions consist of 7% regular contributions and 1.25% health contributions.

  • On and after January 1, 2020, mandatory contributions remain at 7% regular contributions and 1.25% health contributions for most employees.

  • State employees who have completed vesting service for retiree health benefits and do not participate in group health insurance plans for retired teachers are exempt from health contribution requirements effective January 1, 2020.

  • Exemption from health contributions does not affect other obligations of state employees to contribute to the state's retiree health care trust fund.

Legislative Description

An Act Concerning Teachers' Retirement System Contributions.

Last Action

Signed by the Governor

6/28/2019

Committee Referrals

Finance, Revenue and Bonding5/8/2019
Insurance and Real Estate2/28/2019

Full Bill Text

No bill text available